🚨 $ALGO BEARS STEPPING IN TO DEFEND THE 0.1248 RESISTANCE SUPPLY WALL! 📉
Entry: 0.12475–0.12488 ⚡
Target: 0.12326 🎯
Stop Loss: 0.12624 🛑
Sellers are drawing a definitive line in the sand across the 0.12475–0.12488 pocket, turning overhead supply near 0.12612 into a stubborn barrier. 📌 Rallies into this zone show clear seller absorption as overhead distribution caps upside rotation.
💡 If bid depth thins out, downward momentum opens a swift path toward the 0.12326 level, with extended targets sitting down at 0.12207 and 0.12088. Any decisive push above 0.12624 firmly invalidates the setup.
💬 Are you shorting this supply block or waiting for a breakdown confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALGO #ShortSetup #Algorand #CryptoTrading
🎯 🦈
Entry: 0.12475–0.12488 ⚡
Target: 0.12326 🎯
Stop Loss: 0.12624 🛑
Sellers are drawing a definitive line in the sand across the 0.12475–0.12488 pocket, turning overhead supply near 0.12612 into a stubborn barrier. 📌 Rallies into this zone show clear seller absorption as overhead distribution caps upside rotation.
💡 If bid depth thins out, downward momentum opens a swift path toward the 0.12326 level, with extended targets sitting down at 0.12207 and 0.12088. Any decisive push above 0.12624 firmly invalidates the setup.
💬 Are you shorting this supply block or waiting for a breakdown confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALGO #ShortSetup #Algorand #CryptoTrading
🎯 🦈